59% of American adults are worriers. You probably know some of them. You might even be one. Worry doesn’t attack just young or old, rich or poor, young adult or retiree—it’s found in all demographics. But for retirees specifically, there are six key financial worries that scare them, according...
When the Coronavirus Pandemic grabbed us, it hit fast, it hit hard, and there was no time to prepare. It was a crisis bigger than anyone has seen in recent history. In a few short weeks, 40 million workers filed for unemployment benefits. People raided grocery stores, stripping shelves...
As I sit
here Monday evening with the Dow having closed down 2000 points and the 10-year
Treasury yield around 0.5%, the title of this update seems utterly ridiculous.
With the new coronavirus still spreading and a collapse in oil prices
threatening the entire shale oil industry, recession is now the expected
outcome. Most...
I was having a
conversation about retirement health insurance with an acquaintance of mine who
just retired. He’s a former corporate executive—an analytical person—who’s
always done his homework to avoid as many surprises as possible in the business
world. He’s done the same thing with healthcare and decided that a Medigap
policy is best...
Financial attitudes are changing with America’s young adults. For decades, parents have taught their kids that part of proper planning included saving for retirement. Saving could be accomplished with investment accounts, individual retirement accounts or any one of a litany of employer-sponsored retirement plans, including the 401(k). But there’s...
One quick glance at the interest rate your bank is paying on your hard-earned savings account balance and you'll turn green. Even though the Federal Reserve has been raising benchmark interest rates for the past three years, the big banks have not followed suit. They are the biggest beneficiaries...
Since
the passage of the Affordable Care Act (ACA) in 2010, health insurance has
become a four-letter word. There is an unending search to find the best
coverage with the most benefits at the best price. It’s hard to wade through
the swamp of legitimate plans and protect yourself from the quickly morphing
supply...
At
the beginning of every year, Americans receiving benefits from Social Security
and Medicare find out what changes have taken place and what it means to their
bottom line. This year is no exception. For 2019, Social Security recipients
get the biggest annual raise they’ve had for quite a while. Some higher-income
workers will...
By Danielle Howard, CFP in MarketWatch
Danielle takes her plumbing metaphor a bit too far but provides sound advice on intentional money management in retirement. By which she means you need to pay attention to the little stuff, stop the small leaks before you find yourself with a depleted retirement...